Trinity Mirror shares have fallen by over 3% or 14½p this morning, as condemnation of the Sunday Mirror for publishing an interview with the father of the victim in the Leeds footballer trial continues to mount.
The newspaper could now face a charge of contempt, for which the High Court has power to impose an unlimited fine, sequester the paper’s property or even impose jail sentences on senior figures such as editor Colin Myler.
Despite the financial wobble this morning, analysts at ABN AMRO have said that the Trinity Mirror group remains a good option to buy. The analysts pointed out that even if the worst case scenario of the company being made to repay the £8m lost in trial costs was imposed, this would only represent a one-off payment of around 4% of estimated profit before tax for this year, and dismissed the fall as an overreaction.